DALLAS, Jan. 6, 2016 /PRNewswire/ -- Crow Holdings Capital – Real Estate ("CHC-Real Estate"), a North America-focused asset manager of private equity real estate funds, announced the successful closing of Crow Holdings Realty Partners VII ("Fund VII") at $1.85 billion in capital commitments in December 2015.
CHC-Real Estate also closed its inaugural Crow Holdings Retail Fund at $295 million in June 2015, underscoring significant market opportunities in the retail sector.
Bob McClain, head of real estate investment strategies at CHC-Real Estate commented, "We are pleased to close on Fund VII, a fund that is well-positioned to capitalize on opportunities that build on our track record of real estate value creation. We now look forward to executing on a strong pipeline that reflects our disciplined investment approach."
Consistent with CHC-Real Estate's prior funds, Fund VII intends to pursue an investment strategy focused on acquiring a diverse portfolio of assets that generates current income and benefits from capital appreciation. The Fund intends to acquire investments in various asset classes including industrial, retail, office, multi-family, convenience stores and gas stations, hotel and self-storage. Investment strategies include both the acquisition of existing assets and new development.
Anne Raymond, President of Crow Holdings Capital, added, "We are grateful to our investment partners for their support and continued confidence in our team, recognizing our long track record of providing consistent returns through the various market cycles. Since starting in the private equity real estate fund business in 1998, funds have totaled $6.25 billion - including $800 million of commitments from the Crow Family - demonstrating strong alignment with our investment partners."
About Crow Holdings Capital – Real Estate
Crow Holdings Capital–Real Estate (CHC–Real Estate) is a North America-focused asset manager of private equity real estate funds. Since 1998, CHC–Real Estate and CHC-affiliated entities have managed eight funds with equity capital totaling approximately $6.25 billion, with which nearly $16 billion in assets have been acquired or developed. CHC–Real Estate is managed and directed by an investment team of six members, who on average, have worked with CHC and CHC-affiliated entities for more than 23 years. The firm's breadth of experience investing through real estate cycles coupled with a strong alignment with its valued partners advise a cautious – but agile – strategy that includes acquisition, value creation, and development.
For more information on CHC-Real Estate, please visit www.crowholdingscapital-re.com.
Perry Street Communications
SOURCE Crow Holdings Capital - Real Estate